Bitget Lists Fabric Protocol (ROBO) for Spot Trading
Globenewswire· 2026-03-02 04:34
VICTORIA, Seychelles, March 01, 2026 (GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), announced the addition of Fabric Protocol (ROBO) in the Innovation and AI Zone for spot trading. Trading for the ROBO/USDT pair opens on February 27, 2026, 10:00 (UTC), with withdrawals available from February 28, 2026, 11:00 (UTC). Fabric Protocol is a global, open network for the coordination, deployment, and governance of general-purpose robotics. By integrating high-performance blockchain prim ...
BIZD: Assessing Investor Choices In The BDC ETF Space
Seeking Alpha· 2026-03-02 04:29
Core Insights - Recent weeks have seen significant declines in Business Development Company (BDC) equity prices, impacting alternative asset managers as well [1] Group 1: Market Trends - The market has experienced a swoon that has affected BDC equity prices and alternative asset managers [1] Group 2: Company Overview - Binary Tree Analytics (BTA) aims to enhance transparency and analytics in capital markets instruments and trades, focusing on Closed-End Funds (CEFs), Exchange-Traded Funds (ETFs), and Special Situations [1] - BTA has over 20 years of investment experience, backed by a Finance major from a top university [1]
Mideast oil output may need to stop if Hormuz closed for 25 days
The Economic Times· 2026-03-02 04:26
Core Viewpoint - Analysts from JPMorgan Chase & Co. indicate that if the Strait of Hormuz were to shut completely due to regional conflict, oil producers in the Middle East could sustain output for "no more than 25 days" before storage constraints necessitate mandatory production shut-ins [6]. Group 1: Strait of Hormuz and Oil Exports - Tanker traffic through the Strait of Hormuz has effectively stalled due to a self-imposed pause by shipowners, with export flows on February 28 dropping to around 4 million barrels of almost entirely Iranian crude, compared to a typical daily rate of around 16 million barrels [6][4]. - Approximately 19 million barrels a day of liquid fuel exports, including 16 million barrels a day of crude, transit the Strait of Hormuz [4]. Group 2: Storage Capacity and Production - JPMorgan estimates that the seven Gulf producers, including Iraq, Kuwait, Qatar, Oman, and Iran, have roughly 343 million barrels of available onshore crude storage capacity, which is equivalent to 22 days of stranded production that could be stored [5]. - Additional storage options at sea include around 60 empty tankers in the Gulf region that could absorb about 50 million barrels, potentially extending operations by another three to four days [5].
Bitget Publishes February 2026 Proof of Reserves, Maintaining 169% Total Reserve Ratio
Globenewswire· 2026-03-02 04:11
VICTORIA, Seychelles, March 01, 2026 (GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has released its February 2026 Proof of Reserves (PoR), reaffirming full backing of user assets amid continued market volatility and cautious investor sentiment across digital asset markets. The February snapshot covers BTC, ETH, USDT, and USDC, with corresponding reserve data published on Bitget's Proof of Reserves transparency page. As with previous disclosures, the update includes on-chain wall ...
Gold Surge on Iran Strikes: Can War Risk Send Gold to $6,500, Silver to $150?
FX Empire· 2026-03-02 04:09
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments in complex instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website includes information about cryptocurrencies, CFDs, and other financial instruments, highlighting their complexity and associated high risks [1]. - Users are encouraged to conduct their own research and fully understand the workings and risks of any financial instruments before investing [1].
Chinese Automakers' Sales Largely Fail to Gallop Into New Year
WSJ· 2026-03-02 04:07
Core Insights - Chinese automakers experienced a significant decline in sales during February, attributed to reduced demand in the world's largest auto market amid the Lunar New Year celebrations [1] Industry Summary - The overall automotive industry in China saw a sharp drop in sales figures, indicating a potential slowdown in consumer demand [1]
Iran conflict: Where things stand, global responses — and what comes next
CNBC· 2026-03-02 04:05
Core Viewpoint - The U.S.-Israel conflict with Iran has escalated significantly, raising concerns about a wider war that could impact the global economy [1][2]. Military Actions - Washington and Israel conducted massive attacks on Iran, resulting in the death of Supreme Leader Ayatollah Ali Khamenei, which prompted retaliatory strikes from Tehran [2][3]. - Iran retaliated with missile and drone strikes targeting Israel and Gulf countries hosting U.S. military bases, including the UAE, Qatar, Kuwait, and Saudi Arabia [2]. Casualties and Damage - Over 200 individuals in Iran have reportedly been killed due to the strikes, while three American service members were killed and five seriously wounded [4]. Market Reactions - Crude oil prices surged, with U.S. crude rising over 8% to $72.57 per barrel and Brent crude increasing about 9% to $79.41 [5]. - Precious metals like gold and silver saw a rise of around 2% as investors sought safe-haven assets amid heightened global risk [5]. - Major stock indices experienced declines, with the Dow Jones Industrial Average futures dropping 521 points, or 1% [6]. Political Reactions - U.S. President Donald Trump indicated that the conflict could last for about four weeks and mentioned that Iran's new leadership is open to negotiations [9][10]. - The legality of the U.S. strikes has been questioned, with experts stating there is no plausible legal justification for the attack [11][12]. - Global leaders have reacted variably, with Western leaders generally supporting the U.S. actions, while China and Russia condemned the strikes [13][14]. International Responses - China criticized the U.S. and Israel for their actions, calling for an immediate ceasefire [14]. - Russia's President Putin condemned the assassination of Khamenei, labeling it a violation of international law [14]. - Gulf states expressed unity in defense of their sovereignty and right to self-defense [14]. - The U.K. government distanced itself from the strikes but allowed the U.S. to use its military bases for defensive actions [14]. - France and Australia also expressed their positions, with France calling for negotiations and Australia supporting U.S. actions to prevent Iran from obtaining nuclear weapons [16][17][18].
Oil’s spike fades as traders take stock of Hormuz disruptions
BusinessLine· 2026-03-02 04:03
Oil surged by the most in four years, before paring some gains as traders assessed the effective closure of the Strait of Hormuz triggered by the US-Israeli war against Iran.Global benchmark Brent was about 5 per cent higher near $76 a barrel, after earlier rallying by as much as 13 per cent to the highest since January 2025.Tanker traffic through the strait — the chokepoint off Iran’s coast that handles a fifth of the world’s oil and large volumes of gas — has largely halted, with a self-imposed pause in p ...
Lightspeed Makes a Big Bet on Self-Driving Trucks, Loading Up on 7 Million Shares of Kodiak AI (KDK)
The Motley Fool· 2026-03-02 04:03
Group 1: Company Overview - Kodiak AI specializes in autonomous driving solutions for commercial and defense applications, utilizing a proprietary multi-sensor architecture for scalable AI-powered navigation in complex environments [4] - The company targets commercial transportation, defense contractors, and industrial fleet operators seeking advanced autonomous vehicle capabilities [5] - As of February 27, 2026, Kodiak AI's market capitalization is $1.52 billion, with a revenue of $16.5 million and a net income of -$526 million [3] Group 2: Recent Developments - Lightspeed Management Company initiated a new position in Kodiak AI by purchasing 7,340,475 shares valued at approximately $80.16 million during the fourth quarter of 2025 [1] - This new position represents 5.74% of Lightspeed's 13F reportable assets under management (AUM) as of December 31, 2025 [2] - Kodiak AI's stock price was $8.40 as of February 27, 2026, reflecting a 5.66% increase since its public debut in September 2025, outperforming the S&P 500 by 1.51 percentage points [2] Group 3: Market Position and Future Outlook - Kodiak AI is recognized as a relatively small player in the self-driving car industry but has garnered significant attention, being named one of Northland's top picks for 2026 with a price target of $17 [7] - The company's long-term success is closely tied to the performance of the autonomous trucking industry, with potential for significant growth if Driving as a Service becomes more prevalent [9]
Cloud Native Security Service Market Set to Hit USD 129.23 Billion by 2035, Driven by Rising Cloud Cyber Threats and Zero-Trust Adoption | Report by SNS Insider
Globenewswire· 2026-03-02 04:00
Austin, March 01, 2026 (GLOBE NEWSWIRE) -- The Cloud Native Security Service Market size was valued at USD 44.62 billion in 2025 and is expected to reach USD 129.23 billion by 2035, expanding at a CAGR of 11.22% over the forecast period. Government laws requiring data protection compliance, the growing frequency of assaults on cloud-native settings, and organizational demands for automated incident response and real-time threat visibility are all factors propelling the market's expansion. Download PDF Samp ...